Cordiant Digital Infrast... Share Discussion Threads

[dickiehh] 30/10/2023 07:47

I agree with this but if the share price is at a near discount to the NAV, they just have some VERY good opportunities for other investments to prefer these to buy backs. Could also be they are waiting for current market to improve and/or realise some cashflows for new buybacks

[cc2014] 28/10/2023 12:07

I honestly think they thought the bottom was around 70-75p when the director bought another million shares and allocated their cash there.

CORD has to make judgements over whether to use the spare cashflow it generates from the business for share buybacks or investment in the future.

[dickiehhh] 28/10/2023 10:32

Nice to see this price increase on heavy volume on Friday. Be interesting to see whether we get a RNS on Monday on these purchase(s)? Although cant understand why the company hasn't been buying back earlier in October but it was buying back in September when price was 70p+. Anyone any views?

[jonwig] 02/10/2023 06:08

Steven Marshall, Chairman and Co-Founder of Cordiant Digital Infrastructure, has purchased a total of 500,000 ordinary shares in the capital of the Company at a price of 71.9 pence.

Following this purchase, Mr Marshall owns a total of 5,800,000 ordinary shares.

CORD has probably been linked historically with DGI9 as "digital infrastructure". And been unfairly dragged down by the latter's poor execution.

[spectoacc] 20/9/2023 06:28

An opportunity to average down ;)

That's a decent overall holding though - something lacking with many.

[jonwig] 20/9/2023 06:12

Cordiant Digital Infrastructure Limited (the "Company"), the operationally focused specialist digital infrastructure investor, is pleased to confirm that Steven Marshall, Chairman and Co-Founder of Cordiant Digital Infrastructure, has purchased a total of 1,000,000 ordinary shares in the capital of the Company at a weighted average price of 71.4 pence (at a high of 72.4 pence and a low of 70.4 pence).

Following these purchases, Mr Marshall owns a total of 5,300,000 ordinary shares.

Clearly the market is providing an opportunity!

[dickiehh] 10/9/2023 17:50

Anyone know why this was down 4% on Friday on quite heavy volume? Can't see any news

[speedsgh] 24/8/2023 09:38

Acquisition of Speed Fibre Group -

Cordiant Digital Infrastructure Limited (the "Company" or "CORD"), an operationally focused specialist digital infrastructure investor, is pleased to announce that it has entered into an agreement to acquire the entire issued share capital of Speed Fibre DAC ("Speed Fibre"), Ireland's leading open access fibre infrastructure provider (the "Transaction"). Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5 million. The equity consideration of €97 million will be funded by €68 million in cash and €29 million through a vendor loan note with an initial interest rate of 6% and a maturity of four years.

On closing, Speed Fibre will be the fourth digital infrastructure platform acquired by the Company since its launch in 2021 and is consistent with its investment programme of buying strategic, cash flow generating platforms under its "Buy, Build & Grow" model. The acquisition further diversifies CORD's portfolio on a sub-sector and geographic basis. The Transaction is subject to customary regulatory approvals in Ireland and the United Kingdom and is expected to close later this year.

Speed Fibre operates 5,400 kilometres of owned and leased fibre and wireless backhaul across Ireland, on which it provides dark fibre, wavelength and ethernet services to a mix of carriers, internet service providers, corporate customers, and the government. The business is also well-positioned to serve Ireland's growing data centre sector, which is expected to be the fastest growing hyperscale data centre market in Western Europe over the next six years. While primarily a backbone provider, Speed Fibre's subsidiary, Magnet Plus, provides connection and service to approximately 10,000 business and retail customers in Ireland.

With a stable business model, sales growth and high revenue and cash flow visibility, Speed Fibre generated revenues of c. €80 million and EBITDA of c. €23 million in 2022. Outstanding gross debt of c. €111 million as at December 2022 and which matures in 2029 is provided by three bank lenders, all of whom have committed to continue to support Speed Fibre under the Company's ownership. Gross debt was balanced by c. €19 million of cash on hand at year end 2022.

Speed Fibre has a strong ESG and sustainability focus, earning a 5-star rating from GRESB, an independent organisation providing validated ESG performance data, and is targeting net zero carbon emissions by 2040.

Shonaid Jemmett-Page, Chairman of Cordiant Digital Infrastructure Limited, said:
"As a fourth significant investment, Speed Fibre represents a further strategic milestone for the Company. Speed Fibre operates in a new market for CORD where data consumption growth is expected to be among the highest in Europe. This provides additional portfolio cash flow supported by high visibility revenues from wholesale contracts with global blue-chip customers and offers the potential to generate long-term value and attractive returns to shareholders."

Steven Marshall, Chairman of Digital Infrastructure at Cordiant Capital, added:
"We are delighted to add another pillar to the Company's portfolio. Speed Fibre is uniquely positioned as the leading independent national fibre and wireless backhaul operator and is poised to play an expanding role in Ireland's digital economy. We expect to drive organic growth from existing customer traffic on its current network plus invest growth capex in new strategic fibre projects around Ireland and beyond."

Benn Mikula, Co-CEO and Managing Partner at Cordiant Capital, added:
"Speed Fibre is a further step in the growth and diversification of the Company's portfolio. We are deploying capital into a key market in Western Europe's evolving data economy. Moreover, Speed Fibre's position as an important wholesale fibre and backhaul platform offers growth potential and complementarity with other digital infrastructure assets. The Transaction reinforces our 'Buy, Build & Grow' strategy."

[jonwig] 24/8/2023 06:22

Acquisition of Speed Fibre Group (Irish):



Cheap at first sight on an equity basis, but €111m of debt due 2029 needs more detail. (Rate fixed or variable? Covenants?) Then there's the €29m vendor loan note.

Must hope the cashflows are as good as they say!

[jonwig] 12/7/2023 06:08

CRA contract extension with T-Mobile:

[ferrox5] 10/7/2023 15:17

In this podcast a Peel Hunt analyst talks about the Infrastructure IT market. Cordiant mentioned towards the end of his spot

[jonwig] 10/7/2023 11:53

Wirral - three obsessives. (They aren't voting down the posts. No effect whatsoever.)

[wirralowl] 10/7/2023 11:48

Thanks jonwig.Bizarre to receive 3 down votes, for what was a very interesting presentation...

[jonwig] 07/7/2023 17:18

Interview with chairman. Impressive -



NB - two possible acquisitions in Western Europe Q3.

[jonwig] 24/6/2023 09:50

Results presentation -

[wad collector] 22/6/2023 07:37

Pleased there is no bombshell. NAV of 113p and share price of 77p is quite a gap.
At interims in Nov the gap was about 14p.

[jonwig] 22/6/2023 06:10

FY results far better than I was expecting:

[jonwig] 20/6/2023 16:09

Probably not - look at the rest of the infra sector.

[wad collector] 20/6/2023 15:49

Hmm do I smell a leak of finals?

[wad collector] 18/6/2023 06:19

Thanks 2wild, though I don't think it explains the discordance, doesn't seem to happen with other listed companies.

Let us hope the recent share price weakness is not portentous of Thursday's finals.

[2wild] 16/6/2023 22:02

If you pay a price below mid to buy, it shows as a sell.

That's why it's called a buy sell indication, as it goes off mid price. After all there is nothing else to go off.

[wad collector] 16/6/2023 18:08

The reported trades here are nonsense; most of the buys are reported as sells, including my buy today. Been the same for ages here , I don't know what is peculiar to CORD that is confusing the feed.

[jonwig] 12/6/2023 11:04

I was wondering about the NY smog. The data centres there will require an ultra-clean environment and the costs of providing that have probably increased, especially as windstorms will remain frequent.